The short-term market is at a risky stage for investors holding altcoins:
Currently, BTC Dominance Week frame is showing signs of increasing again. This is an extremely important thing to pay attention to when holding altcoins.
- Many cases can happen at this time. Bitcoin and altcoins will have a slight pump as soon as ETF news is released. Case approved.
- But you should understand that being approved and what type of approval is one thing. It can be passed but a certain condition may make the market unhappy = Market dump
=> Having said that, actually from the perspective of technical analysis and market shape, this is the time when the market needs an adjustment.
Another secret about the market shape that I'm just telling everyone in the group is similar to October-December 2020. If it happens, I will review and share this knowledge with everyone.